This is an exceptional lending facility.
It is exceptional because, as an alternative retail organization vastly apart from the traditional banking sector to which many Singaporeans and other citizens have turned to and been rejected for a number of reasons, it puts no pressure on its potential clients to take out a loan with them or allow them to facilitate a loan deal. Cash-strapped customers are usually under pressure, so when it comes to the point of approaching a lender, they are either irrational or indecisive.
The licensed Singapore MoneyLender takes it upon himself to assist potential clients with their decision-making. Being an exceptional money lender also means turning clients away. There is no need or desire to twist arms and force clients to sign up for a loan or line of credit which they cannot afford to pay back anyway. Long before the application process begins, a checklist of criteria will be examining the client’s unique circumstances to help co-determine whether it is feasible to take out a loan or apply for credit or not.
Nevertheless, the lender’s full spectrum of tailored products may well see his clients walking away with a loan contract in his pocket. It will, of course, be based on an intricate process of negotiating checks and balances, doing affordability assessments and carefully considering clients’ personal circumstances. It is incumbent upon the lender that he remains fully committed to providing his client with as much information as possible, so the client can be forewarned or assured.
The biggest assurance any client can receive is that he is dealing with a professional. Alongside this professionalism comes full accreditation and proof that he is licensed to practice.